Allustra appoints Marco Knaap to accelerate further growth

5 October 2006

Allustra, the London-based software company, has appointed Marco Knaap, formerly Director of Sales and Marketing of Misys Risk, to lead its further expansion in Europe, US and Asia Pacific.

Marco Knaap has more then 15 years of experience in the financial services industry and joins as Sales Director. His appointment confirms Allustraâ€™s growth strategy to meet new and increasing demand for its collateral and margin management solutions around the world.

"Marco has extensive experience in sales with large financial organisations and brings us the high levels of expertise we need; he will play a leading role in our rapidly-expanding team," states Mark James, Allustraâ€™s Managing Director. "We are experiencing strong demand for our new and advanced collateral and securities lending solutions."

"All over the world financial organisations face growing needs to collateralise their trading businesses; these are driven by rapidly increasing volumes and an ever broadening spectrum of products and markets," says Knaap. "Allustraâ€™s end-to-end enterprise-wide collateral management solution, Kyros, allows organisations, both large and small, to reduce their credit risk in the most cost-effective and time-efficient way. In parallel, it also uniquely provides wide-ranging business benefits through its unique approach, advanced architecture, modern technology and new best-practice workflow."

Allustra recently announced the successful deployment of Kyros across WestLB, a leading investment bank, and a number of its subsidiaries. Allustraâ€™s expertise is the central element of a unique, global, multi-entity, cross-product solution, based on Kyros, and assists the Bank to operate more effectively and profitably at a time of rapidly changing trading conditions and challenging economic environments.

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